This new trade has a risk of .87 added to the entire position. Ideally IWM @ 115-119 is now going to be my sweet spot.

Comment:
Closed the 108/115 put side for .15 debit. BE is reduced by .15.

Comment:

I rolled up the short 115/122 call side for a loss and re-established a 131/134 call spread for 1.13 ($113).This roll was filled for a $11.92 debit (ouch!).

So I have a $361.30 realized loss with the other IRON FLY left and 2 call spreads.

New BE on the rolled call spread is 132.13.

Trade active:

The 120 IRON FLY didn't feel very hot (although it was only down around $60), so I went ahead and left the put spread, but rolled the calls up for a $2.19 debit.

The new call spread is now the 131/135 for $1.10 credit (132.1 BE). I've realized around $168 loss on the original 116/120/120/124 Iron FLY so far, but I currently hold $105 profit in my put strike and have the opportunity to make another $110 in my call side.

All of this rolling is experimentation, so we'll see how it all ends up.

Comment:
Closed this trade 12/9 for just under it's full loss. I don't see it moving down 5% percent in the next week.